(Jan 07, 2013) SHANGHAI - Retail sales of consumer goods across China from Shanghai to Chengdu, Sichuan province posted a stellar double-digit growth over the four-day holiday from New Year's Eve, seemingly saying domestic consumption does make people happy. In Shanghai, the 372 major retail stores earned a total sales value of RMB7.91 ...

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Jiangsu sets technology growth at 18%

(Jan 07, 2013) NANJING, Jiangsu - Jiangsu province has set industrial growth targets for 2013, aiming industrial value-added at a growth of 12% and investment in technology at 18%. The provincial government of Jiangsu, in a meeting held on January 5, called for greater efforts to transform the economy. While the government will ...

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Taiwan invests US$2bn in Fujian's farm sector

(Jan 07, 2013) FUZHOU, Fujian - Taiwanese companies have invested nearly US$2 billion of capital in the agricultural sector in Fujian province as cross-strait collaborations in trade and investment widen. In 2012, the Fujian provincial government approved 89 Taiwanese-funded agricultural projects which contracted an investment value of US$160 million and wired in investment ...

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Ningbo, Zhejiang builds trade status, lowers fees

(Jan 04, 2013) NINGBO, Zhejiang - Ningbo Entry-Exit Inspection and Quarantine Bureau will lower the inspection and quarantine fees starting in 2013 and will simplify cargo entry and exit procedure to promote trade, trying to build itself a trading centre of consumer products for the Yangtze River Delta. Ningbo, Zhejiang has issued four ...

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China breaks record in food output

(Jan 02, 2013) BEIJING - China produced 1.18 trillion catties (1 catty = half a kilogram) of food in 2012, keeping food output at more than 1.05 trillion catties a year for the last five consecutive years. Economist Bi Mei-jia at the Ministry of Agriculture of China confirmed the stellar growth in China's ...

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State official forecasts 7.5% GDP for 2013

(Jan 03, 2013) BEIJING - National Development and Reform Commission (NDRC) Vice-chairman Zhang Xiaoqiang forecasts a GDP growth of 7.5% and a CPI of 3.5% for China in 2013, implying new loan will grow and inflation will be moderate. Attending an economic forum held at Peking University on December 29, Zhang forecast that ...

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Card consumption keeps Beijing's economy warm

(Dec 17, 2012) BEIJING - The Beijing municipal government and the People's Bank of China (PBOC) have launched a card consumption promotion till the end of next March, rewarding consumers card spending at shops and restaurants which not only boost business but also brighten the local economy. The card consumption promotion starts on ...

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Hubei advances through ports and highways

(Nov 29, 2012) Hubei province will see the construction and expansion of 12 more ports and navigation projects started over the next few years, the completion of which will give Hubei in central China 64 new berths for cargo and passenger transports. The Hubei provincial government unveiled the construction plan yesterday, giving the ...

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Shenzhen undergarment manufacturers roadshow in Sydney, Australia

(Nov 27, 2012) Manufacturers of undergarments from Shenzhen have joined the Australia China Textile Fashion Show held in Sydney, Australia, the first time in 12 years. Shenzhen in Guangdong province is making over 480 million pieces of undergarment or underwear each year, valued at more than RMB30 billion. Shenzhen excels at making undergarment ...

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China needs high-yield corn to meet demand

(Nov 21, 2012) The demand for corn for deep processing and animal husbandry in China has pushed more companies to experiment new ways of growing corn, but still the gap between supply and demand for corn is widening. Despite consecutive years of increasing corn output, China has not stopping slowing corn import which ...